None of the Candidates are talking about National Debt (unemployment, wages, stats)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Not true. The "surpluses" were actually Social Security surpluses, which the mealy mouths in the congress spent. The Treasury then placed an IOU in the Social Security trust fund account. Those IOUs are now becoming due and the congress is borrowing and printing to redeem them. See photo below of the file cabinet where SS trust fund IOUs are kept.
That's all corporate backed manipulation and lies from groups like Fox news and Rush radio. Social Security has been connected to our federal budget since 1957. And there have been SS receipts and expenditures every year since 1957.
Corporate backed groups like Fox news/Rush radio say those things to cause confusion and tarnish democrats (because democrats don't give them supply side tax cuts like these.)
In the beginning of the drama, he was asked and he talked about cutting all the waste, pulling money from other nations, and he even said he may have to raise taxes.
Unless we get a president who wants to raise taxes and simultaneously cut back on our excessive "defense" waste, the debt will just continue to rise. I don't think anyone actually cares anymore. It's just a cool talking point.
The last president to address the national debt in a serious, thoughtful way was Bill Clinton. He ran the country on a budget surplus and reduced the debt. Under GW and O'Dummy it's rocketed.
Do people actually think it's possible to be debt free in a country like this? Nearly impossible especially being apart of that $19 trillion dollar tab. We will always be in debt! In our 240 year history the United States has only been debt free for nearly 2 years. This was way before the Civil War...so yea it was a long time ago.
"Do people actually think it's possible to be debt free in a country like this?"
I don't know of ANYONE claiming we should be debt free.
I think any rational person would accept "manageable" debt.
Just like most people who have a car loan or a mortgage.
If you need a new (or used) car you don't go out and by a Mercedes when you can only afford a small Chevy.
So what ???he has proven with his business experience he can handle this. He could just declare bankruptcy for Social Security or maybe the Defense Dept. Look at his business record.
"Look at his business record"
Maybe YOU should instead of making childish accusations and making YOURSELF look foolish.
GW Bush said the following in 2001, "we have big enough surpluses to pay down our national debt by $2 trillion dollars in the next 10 years, join me to do it." And at the moment GW Bush said that I believe it was fully possible.
But 2 things happened that stopped Bush's debt lowering plan. First was a round of supply side tax cuts, second was 2 very expensive wars in Iraq and Afghanistan.
In 2001 we had a government structure that gave us surpluses, and we had the ability to pay down our national debt. Why can't we go back to that 2001 government structure and start to pay down our debt?
Nice try, Wrong but, I didn't expect anything else from a paid poster of the DNC,
"Publication: Business Wire
Date: Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s.
By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.
But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”
But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”
And the deficit was going DOWN.
Everything you posted above is lies and manipulation.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
He could just declare bankruptcy for Social Security or maybe the Defense Dept. Look at his business record.
